TBO Tek Limited
Lot Size
1 Lot = 16 Qty |
Min Investment
₹14720 |
Subscription
Oversubscribed |
Listing Gain
484(Points) |
IPO Details
Open Date
May 08, 2024 |
Close Date
May 10, 2024 |
Allotment Date
May 13, 2024 |
Allotment Date
May 13, 2024 |
Refund Initiation
May 14, 2024 |
Demat Transfer
May 14, 2024 |
Listing Date
May 15, 2024 |
Fresh Issue
400 |
Offer For Sale
1150.81 |
Issue Price
₹875 to ₹920 |
Face Value
₹1 |
Issue Type
Fresh Issue |
Total Issue Size
1550.81 CR |
QIB + NII Quota
75 + 15% |
Retail Quota
10% |
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
PERIOD | ASSET | REVENUE | PROFIT |
---|---|---|---|
31-Dec-2023 | 3754.05 | 1039.56 | 154.18 |
31-Mar-2023 | 2557.93 | 1085.77 | 148.49 |
31-Mar-2022 | 1271.43 | 511.93 | 33.72 |
31-Mar-2021 | 576.16 | 176.55 | -34.14 |
About TBO Tek Limited
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps, and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The company platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business, and religious travel.
As of December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Expansion of the Supplier and Buyer base;
- Amplification of value of our platform by adding new lines of businesses;
- Inorganic growth through selective acquisitions and building synergies with our existing platform; and
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.